A portfolio management system for family offices, advisors and serious individual books: multi-asset positions, transaction-true accounting, live profit and loss, risk metrics and clean client reporting — the portfolio system engagement, productised. Status: preview — engagement-proven core, packaging in progress.
The gap this fills
Between broker statements and a spreadsheet lies most of Indian wealth management. Holdings reconciled quarterly by hand. Corporate actions applied when someone notices. Fees computed in a workbook only one person fully understands. And review packs assembled by copy-paste the night before the meeting.
It survives on competence and trust until a client’s chartered accountant asks why the XIRR in the statement differs from their own calculation — and “the spreadsheet had a stale price” is not an answer that retains assets under management.
What the system provides
- Transaction-true accounting. Every buy, sell, dividend, split, bonus and fee an immutable event; positions, cash and returns computed as projections. Any number on any statement replays from first principles.
- Corporate actions as events with effective dates, so historical returns do not silently rewrite themselves and tax lots keep their identity.
- Daily reconciliation against custodian and broker statements, with breaks queued rather than discovered quarterly.
- A defensible fee engine. Slabs, hurdles, high-water marks, pro-rating and tax — computed and reproducible.
- Risk views. Allocation drift against mandates, concentration, and parametric value-at-risk where mandates require it.
- Reporting from one source, so the numbers tie across every page of a review pack because they came from the same place.
Why transaction-truth rather than snapshots
Because wealth’s difficult questions are historical. What did this client earn net of fees since inception? What was the position before the merger? Why does this year’s opening balance differ from last year’s closing?
Snapshot tools answer with today’s picture. Transaction-true accounting answers with arithmetic, because the past is the data model. Every audit, every regulatory file review and every sharp client’s CA is a history exam, and only one of those two approaches passes it by construction.
The honest position on scope
This is accounting and reporting infrastructure. It is not advice, not broking, and not a recommendation engine — your custodians stay yours and your investment decisions stay yours.
The preview tag is accurate rather than modest: the core runs in engagements, and what is maturing is the packaging that would let a family office adopt it without me in the room. When a stranger can deploy and operate it unaccompanied, the tag comes off. That is the standard applied to every product on this site.
What the first quarter changes
Month one: reconciliation stands up. Daily matching against custodian and broker statements, and the breaks it surfaces in the first fortnight are usually instructive — a missed dividend, a bonus applied wrongly, a stale price that had been quietly flattering a return.
Month two: fees move into the engine. Invoices go out with computations attached, and disputes largely stop, because clients rarely argue with arithmetic they can follow. The person who used to own the fee spreadsheet gets their quarter-end back.
Month three: reporting becomes generation rather than assembly. Review packs produced from the ledger in minutes, with every figure tying across pages because there is one source. The meeting starts at insight rather than at verification.
The compounding benefit is quieter: because history is immutable and replayable, last year’s numbers stay last year’s numbers. Reports stop changing retroactively when someone fixes something, which is the single most corrosive experience a client can have with an advisor’s reporting.
Who it fits
Family offices with entities and trusts, registered advisors managing discretionary or advisory books, and individuals whose portfolios have outgrown a spreadsheet’s ability to be defended.
The signal that it fits: someone asked you a historical question about a client’s portfolio recently, and answering it honestly took longer than the question deserved.
For advisors, the second signal is fee season: if computing what you are owed requires care rather than a button, that computation is also the one your clients cannot verify — and unverifiable fees are the quietest source of attrition in advisory businesses.
Related reading
/industries/wealth — the trade context · /work/portfolio-system — the production build · /work/risk-modelling — the quant layer · /products/trade-desk — the active-desk sibling
The review-week test
If assembling a quarterly review pack takes a week, the work is reconstruction rather than reporting. /contact — bring last quarter’s pack and we will rebuild it live.
Questions I actually get
Direct equity, mutual funds, bonds, alternatives?
Multi-asset by design, with unlisted and alternative positions held as manually-marked holdings under the same accounting rigour. The marks are opinions; the arithmetic around them is fact, and keeping that distinction visible is the point.
How is this different from consumer portfolio apps?
Those aggregate; this accounts. An aggregator shows you a pretty current snapshot assembled from feeds. This holds transaction-true history you can audit, replay and defend — which is what a client's CA is actually testing when they ask a hard question.
Can it handle a family office with multiple entities?
Entities, trusts and individual books consolidated where you want the view and separated where the law wants the boundary. That combination is the core design case rather than an enterprise afterthought.
Which custodians and brokers can it reconcile against?
File and API both. Normalising a new counterparty's format is routine rather than a project, which matters because adding your third custodian should cost days, not a quarter.
Does it compute fees?
Slabs, hurdles, high-water marks, pro-rating and applicable tax — computed, shown and reproducible. Fee disputes end when the computation is a report the client can read rather than a spreadsheet only one person understands.
Is this investment advice or a broking service?
Neither. It is accounting and reporting infrastructure. Your custodians remain yours, your advice remains yours, and nothing here constitutes a recommendation.